Beware the IHT loan trap

Mark McLaughlin points out explains how an IHT anti-avoidance provision could result in the unexpected denial of a deduction for an outstanding debt on death. The making of gifts and loans between family members, friends, etc., are a relatively common…

Trial and Error

In the first in a series of regular articles for Accounting Practice, Darren Powell relates his experiences of taking part in the Making Tax Digital pilot scheme It is old news now that Making Tax Digital (MTD) will be affecting…

MTD: an update

Tax expert Mark Purdue answers some critical questions on the latest changes to Making Tax Digital (MTD) and what it means for ICPA members In September, this year’s second Finance Bill (Finance Bill 2017-19) finally published the legislation covering Making…

VAT’ll do nicely thank you

VAT’ll do nicely thank you

Throughout November and on into December 2017 Vat dominated many a conversation with fears up to the Autumn budget that the threshold was going to be reduced by the Chancellor and has turned to the implications of MTD starting in…

Get 2018 off to a flier!

Simon Chaplin has some top advice on how you can get organised and improve your fortunes in the New Year. It’s that time of year when most people start to think about what happens after Christmas and the New Year…